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Instead, he asked Congress to approve a revenue package that would raise the 6‐cent rate to 8 cents.
The revenue package Repub lican Legislative leaders will be asked to approve totals more than $300‐million.
One other effect of the revenue package will not come in the form of higher taxes, but rather in the absence of lower ones.
Mr. Obama didn't specify what kind of revenue package he was seeking, although the basic outlines have been clear for months: eliminating various corporate loopholes and deductions for some high-income taxpayers, such as the break on carried interest.
We know the best way to deal with the revenue package is to build in assumptions about what we have and then wait to see what we actually get".
The $400‐million tax and revenue package designed to help close New York City's budget gap seemed assured of passage as the leaders of the Republican ‐ controlled Legisla ture said they had enough votes.
Similar(46)
Revenue from packaged software is giving way to value capture based on customer usage.
Revenue from package deliveries also continued to grow.
Average revenue per package was $17.59, up from $16.52 for the corresponding period last year.
Fast-growing e-commerce drove up FedEx's SmartPost average daily volume 24 percent as revenue per package rose 8 percent.
The company said it would spend more on technology and fuel-efficient aircraft, helping to increase revenue per package.
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